Fraud Oversight: Ten Questions for the Audit Committee
Ten actions that help audit committee members challenge management on fraud risk, plus an agenda for the annual fraud discussion.
Guides · editable Word · 5 pages · ₹99 / $0.99 · lifetime access, up to 5 downloads
Help the audit committee ask informed questions about fraud and judge the answers. The guide explains the committee's role in fraud oversight and sets out ten actions: challenge management's fraud risk assessment, assess the controls mapped to each risk, review internal audit's testing, measure tone at the top, make zero tolerance explicit, secure a strong and independent internal audit function, require continuous fraud testing, use analytics on interim results, consider real-time monitoring and get a candid overall view. It shows how to run the annual fraud discussion and ends with a one-page summary. Useful for committee members and the auditors who support them. Editable Word, 5 pages.
What's inside
- Key terms explained
- The committee's role in fraud oversight
- Ten actions, from challenging the fraud risk assessment to real-time monitoring
- How to run the annual fraud discussion
- One-page summary
Topics: Fraud and Ethics · Governance
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